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***Requires Registration*** At a National Committee program on Thursday, November 6, Dr. Lardy will discuss his new book Markets Over Mao.

Markets Over Mao:

The Rise of Private Business in China

with

Nicholas R. Lardy

China’s transition to a market economy has propelled its remarkable economic growth since the late 1970s. In Markets Over Mao, Nicholas R. Lardy, one of the world’s foremost experts on the Chinese economy, traces the increasing role of market forces and refutes the widely advanced argument that Chinese economic progress rests on the government’s control of the economy’s “commanding heights.” Markets Over Mao offers powerfully persuasive evidence that the major sources of China’s growth in the future will be market-rather than state-driven, with private firms providing the major source of economic growth, the sole source of job creation, and the major contributor to China’s still growing role as a global trader. Dr. Lardy does, however, call on China to deregulate and increase competition in those portions of the economy in which state firms remain protected, especially in energy and finance.

At a National Committee program on Thursday, November 6

, Dr. Lardy will discuss his new bookMarkets Over Mao.

Nicholas R. Lardy is the Anthony M. Solomon Senior Fellow at the Peterson Institute for International Economics. He joined the Institute in March 2003 from the Brookings Institution, where he was a senior fellow from 1995 until 2003. Before going to Brookings, he taught at the University of Washington and Yale University.

Dr. Lardy’s most recent books are Markets Over Mao: The Rise of Private Business in China (2014) and Sustaining China’s Economic Growth after the Global Financial Crisis (2012). His previous books include The Future of China’s Exchange Rate Policy (2009) (co-authored with Morris Goldstein), Integrating China into the Global Economy (2002), China’s Unfinished Economic Revolution (1998), and China in the World Economy (1994), among others.

Dr. Lardy serves as a vice chair of the National Committee’s board of directors. He is also a member of the Council on Foreign Relations and is a member of the editorial boards of Asia Policy and the China Review.

Copies of Markets Over Mao: The Rise of Private Business in China will be available for purchase.

Click here to register for this event. Registration will close at5:00 p.m. on Monday, November 3. Email events@ncuscr.orgwith any questions or cancellations.